Airbnb's valuation nearly touched $100 billion on a successful first day of trading on the NASDAQ exchange. While the price for shares in the travel and home rental platform was set at $68 per share, trading volumes doubled on Thursday during the initial public offering (IPO). The company's stock clossed at $144.71 at the end of trading, up by 113% from the offer price. Airbnb's market value stands at $86.3 billion, making it the biggest online travel company. At $68 per share, Airbnb's valuation at the time of listing was $47 billion. But after prices soared to $165 by mid-day, its valuation touched the $100 billion market. In its prospectus, filed earlier last month, the company said that despite the widespread impact of the pandemic on the travel and home rental industry, its business model remained resilient. "We believe that…
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